If you are studying for your real estate exam, this article will guide you through the definition of nonhomogeneity along with examples to support you better.
Want the short answer? Non-homogeneity is a lack of uniformity or dissimilarity.
For the long answer, let’s dive into it below!
Nonhomogeneity in Real Estate
Real estate is geographically nonhomogeneous, or heterogeneous. No two structures are alike. This is because the support underneath the house lack uniformity.
While non-homogeneity is always present, there is such a thing as homogeneous real estate.
When we refer to a homogeneous neighborhood in real estate, we refer to when the houses are similar in materials and design.
In other words, non-homogeneous real estate COSTS MORE to build than those that are homogeneous.
In a strictly homogeneous housing development, only one blueprint is needed to make multiple houses. As a result, they are quicker and less expensive to build.
On the other hand, a non-homogeneous housing development contains custom houses.
Each house would require its own architectural design and floor plans. The price of materials would also increase, as different materials would be used in construction.
A non-homogeneous housing site has houses that look different and unique to each other. They follow a different plan. An example of this in pop culture is Springfield from The Simpsons.
A homogenous housing site would be one where the houses look the same. A common example of this is a townhouse or condominium. There are also some subdivisions with individual houses that look alike.
Knowing the difference between the words “non-homogeneity” or “heterogeneity” and “homogeneity” is important when you’re researching real estate.
Here is what you need to take note of before you go!
- Homogeneity is when houses in a real estate development are similar.
- Non-homogeneity is when houses in a real estate development are unique.
- Because it is not possible for two parcels of land to be geographically alike, non-homogeneity is present in all real estate.
Hopefully, this content helped, and you will be able to apply this knowledge in your real estate ventures!